Phil Ivey Wins AU$4 Million in $250k Aussie Millions Challenge

Written by: Tight Poker Staff February 13, 2014 Affiliate Disclaimer

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Many famous professional poker players reached the final table of the $250k buy-in LK Boutique Aussie Millions Challenge, and Phil Ivey was one of them. Once again, Phil Ivey proved to the world that he is the world’s best poker player by becoming the champion of the high roller…

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The runner-up Issac Haxton took home the second-biggest prize of $2.82 million. Haxton had played a lot of high-stakes poker during the past week. Reportedly, he had re-entered the $100k Aussie Millions Challenge six times and the $250k tournament two times. Before becoming the runner-up of $250k event, he had invested over one million dollars in high-stakes poker tournament. Now, he is in the position to leave Australia with a poker profit of over AU$ 1 million in his pockets.

The $250k final table was quite tough with six formidable finalists playing for the pot. Ivey had to play against pros such as Tom Dwan, Fabian Quoss, Mike McDonald, and Daniel Negreanu. The player who finished in the third position was Mike McDonald, who plays under the moniker Timex. McDonald has already earned more than $4 million in 2014, and his Aussie Millions winnings of AU$ 1.9 million happens to be the fourth seven-figure pot he has won this year. McDonald had been the runner-up of the PokerStars Caribbean Adventure (2014) and the Aussie Millions 2014 $100k Challenge.

Daniel Negreanu, Ivey’s friend, busted in the fourth position and took home a prize of AU$2.5 million. Negreanu, like Haxton, had re-entered the $100k event several times, but had won a huge pot and retrieved all his losses. Quoss finished fifth and won AU$800k, and Dwan finished sixth and took home AU$500k.

The $250k high-roller Aussie Millions event allowed players to re-enter an unlimited number of times. The event, therefore, had 46 entries, which is over double the number of entries the event had previously gotten. The prize pool generated turned out to be more than AU$11 million.

The first Aussie Millions event was held in 2011; and Phil Ivey has won an Aussie Millions event twice in the course of his career. In 2012, he beat 16 other high-rollers to win the first-place prize of AU$ 4 million. According to The Hendon Mob, this pot is one of the biggest won by Ivey, whose total poker winnings so far have crossed the $20 million mark.